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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Interest and dividend income:        
Loans, including fees $ 59,669 $ 44,928 $ 169,465 $ 129,906
Factored receivables, including fees 39,161 53,317 119,884 174,549
Securities 5,205 2,308 14,552 4,815
FHLB and other restricted stock 397 65 741 175
Cash deposits 3,101 2,607 9,051 3,522
Total interest income 107,533 103,225 313,693 312,967
Interest expense:        
Deposits 12,474 2,743 22,553 7,010
Subordinated notes 1,315 1,304 3,936 3,905
Junior subordinated debentures 1,169 726 3,293 1,736
Other borrowings 1,248 182 7,751 539
Total interest expense 16,206 4,955 37,533 13,190
Net interest income (expense) 91,327 98,270 276,160 299,777
Credit loss expense (benefit) 812 2,646 6,068 6,048
Net interest income after credit loss expense (benefit) 90,515 95,624 270,092 293,729
Noninterest income:        
Net OREO gains (losses) and valuation adjustments 0 (19) 0 (133)
Net gains (losses) on sale or call of securities 5 0 5 2,514
Net gains (losses) on sale of loans 203 1,107 206 18,310
Insurance commissions 1,074 1,191 3,970 4,209
Other 227 677 (1,320) 17,643
Total noninterest income 13,410 12,668 35,943 71,949
Noninterest expense:        
Salaries and employee benefits 50,884 49,307 159,789 149,848
Occupancy, furniture and equipment 7,542 6,826 21,537 19,769
FDIC insurance and other regulatory assessments 682 454 1,968 1,376
Professional fees 3,941 4,263 10,061 11,529
Amortization of intangible assets 2,849 2,913 8,700 9,085
Advertising and promotion 1,839 1,995 4,839 5,029
Communications and technology 10,784 12,410 34,034 32,197
Other 7,738 8,521 25,008 25,027
Total noninterest expense 86,259 86,689 265,936 253,860
Net income before income tax expense 17,666 21,603 40,099 111,818
Income tax expense 4,872 5,374 8,645 27,068
Net income 12,794 16,229 31,454 84,750
Dividends on preferred stock (801) (801) (2,404) (2,404)
Net income available to common stockholders $ 11,993 $ 15,428 $ 29,050 $ 82,346
Earnings per common share        
Basic (in dollars per share) $ 0.52 $ 0.64 $ 1.25 $ 3.36
Diluted (in dollars per share) $ 0.51 $ 0.62 $ 1.23 $ 3.28
Service charges on deposits        
Noninterest income:        
Revenue $ 1,728 $ 1,558 $ 5,210 $ 5,185
Card income        
Noninterest income:        
Revenue 2,065 2,034 6,152 6,125
Fee income        
Noninterest income:        
Revenue $ 8,108 $ 6,120 $ 21,720 $ 18,096